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Crude oil bears in firm control, more downside likely

March 16, 2020 by Jim Wyckoff

The Nymex crude oil futures market early this week is under pressure again and is not far above the recent four-year low. Bears are in solid near-term technical control and more downside price pressure looks likely in the near term, as the markets panic and global demand shock continue to play out, amid no signs of markets stabilization.

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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